United posted another impressive set of figure, with end-of-year results to June 2011 showing significant rises in all three sectors - media, matchday and commercial.
However, with media revenues linked to on-field performance and a ceiling existing in what even a club as successful as United can charge supporters before it has a significant impact on attendances, the commercial sector - where revenues rose 27% - is one most ripe for growth.
Even since the latest figures were collated, confirming United as the first football club to generate in excess of £100million in income from commercial deals alone, there are signs of further expansion.
Logistics company DHL are committed to paying £40million over four years to have their name on United's training kit - the first such sponsorship arrangement of its kind.
Far East mobile supplier Beeline has become the latest company to join United's "territory specific" portfolio - this arrangement covering Vietnam, Laos and Cambodia - and there are at least two more contracts close to completion.
This all helps to create an environment which offers further opportunity for growth, and should help to attract investors for what the club hope will be a successful floatation later this year that could raise £600million.
It has still to be fully explained what the Glazer family expect to do with the proceeds, although more should become known once the Singapore financial authorities give the green light for a floatation, which could come in around a fortnight.
The Singapore venture provides the backdrop to United posting record operating profits of £110.9million.
This comes from record revenue of £331.4million - an increase of £45million from last year and passing £300million for the first time.
Commercial turnover for the Premier League title winners and Champions League finalists reached £103.4million, with matchday turnover (£108.6million) and media (£119.4million) also up.
Net debt, meanwhile, is down to £308.3million due to the club's vast cash reserves.
Not that everyone is happy.
"The commercial team at United are clearly smart operators and we welcome continued growth in the business but to be fair we've seen growth consistently year after year long before the Glazers took over," said the Manchester United Supporters Trust.
"There is only one man who is responsible for that consistent success - the same one responsible for success on the pitch - Sir Alex Ferguson.
"Without the incredible performance on the pitch and the fantastic loyal support of thousands of match-going fans, as well as millions more around the world, there would be no platform on which to build the growth of the business.
"So while the financial results are strong, they also show that the Glazers have taken another £51m out of the club in the last 12 months as well as using an even bigger chunk (£64m) of the club's money to pay down part of their bond debt.
"This is money that the club has generated and money that should stay in the club rather than go to Florida or to pay down the Glazers' debt and interest.
"That's why we're calling on the Glazers to use any share sale in Singapore to clear all of the club's debt - debt that they put on the club and they must take responsibility for."